Introduction to Economic Substance Regulations The Economic Substance Regulations (ESR) were introduced in the United Arab Emirates (UAE) as part of the country’s ongoing commitment to enhance its regulatory framework and align with global tax standards. These regulations, implemented in 2019, require certain business entities conducting relevant activities in the UAE to have substantial economic … Read more
Introduction to ESR and Its Importance The Economic Substance Regulation (ESR) serves as a crucial framework aimed at ensuring that entities operating within specific jurisdictions conduct authentic economic activities. Instituted primarily to combat tax avoidance practices, ESR mandates businesses to demonstrate substantial economic presence in the location where they are registered, thereby preventing the establishment … Read more
Introduction to FTA Public Clarifications The Federal Tax Authority (FTA) of the United Arab Emirates plays a pivotal role in the regulation and administration of tax laws. Established in 2016, the FTA is tasked with enhancing the efficiency and transparency of the tax system within the UAE. One of its key functions involves issuing public … Read more
Introduction to Federal Decree-Law No. 18 of 2017 Federal Decree-Law No. 18 of 2017, enacted in the United Arab Emirates, marks a significant transformation in the country’s tax framework, particularly through the implementation of excise tax. This law was officially rolled out to govern the taxation of specific goods that have been identified as harmful … Read more
Introduction to Economic Substance Regulations (ESR) The Economic Substance Regulations (ESR) in the United Arab Emirates (UAE) represent a significant legislative framework aimed at ensuring that entities engaged in relevant activities maintain substantial economic presence within the country. The framework was established following the issuance of Cabinet Resolution No. 57 of 2020, which aligns with … Read more